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Archive for April 2020

What to Do If Your Tenants Aren’t Paying Rent

Right now there’s still a moratorium on evictions in Long Island. In the wake of this economic crisis it’s not even clear how much an eviction might help struggling landlords pay their own bills. After all, who will fill that tenant’s space? With unemployment high, occupancy rates are bound to be low. 31% of renters…

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What is a Force Majeure Clause?

The COVID-19 crisis means that Force Majeure clauses are getting brought up a lot these days. It seemed an ideal time to discuss what these clauses are. Force Majeure is a French phrase meaning “superior force.” It’s a contract provision designed to relieve both parties of their obligations in the face of large, unforeseeable events.…

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